BRD’s co-founders say nothing will be changing for BRD users for the time being. Their wallets will continue to operate normally and the user “funds are safe and secure.” The Coinbase Wallet tweeted:
“The team brings deep expertise in self-custody for crypto wallets, which will help Wallet enable more people to safely and securely access the decentralized world of crypto.”
BRD raised a venture capital funding, banking nearly $55 million in venture funding from firms like SBI Crypto Investment and East Ventures. Meanwhile Coinbase and BRD did not reveal terms of the acqui-hire.